Congress to the Rescue

Paul Ryan pushes back on tariffs, and markets soar. Plus, the next wave of retail earnings.

By

Alex Eule

March 5, 2018 8:53 p.m. ET

By

Alex Eule

March 5, 2018 8:53 p.m. ET

About those tariffs. Investors began the day still smarting over President Trump’s tariff proposal. The Dow Jones Industrial Average was off 140 points at 10 a.m. Then House Speaker Paul Ryan sent word that he was opposed to the plan -- it was a rare bit of Congressional pushback on the Trump agenda. The Wall Street Journal suggested Congress was prepared to pursue legislation to stop the plan. Trump himself suggested the tariffs might be open to negotiation pending NAFTA talks.